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Korea, China and Japan: Their Trade with the World and Its Impact on New Asian Regionalism ASEAN+3

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Abstract

Success of recent developments in Asian economic regionalism and free trade agreements depends to some significant extent on the continuing role and importance of trade of these economies with themselves and also with the world's major trading blocs. The paper reviews especially the case of Korea, Japan and China's interest in new Asian economic regionalism and FTAs, surveys particularly its important trends in international trade in the past 35 years and discusses how these trends and patterns will affect the Asian 3's growth and provide the background for more effective implementation of ASEAN+3 or even ASEAN+5 or similar bilateral, pluri-lateral and multilateral regional economic integrations in the long term.

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File URL: http://www.uow.edu.au/content/groups/public/@web/@commerce/@econ/documents/doc/uow012132.pdf
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Bibliographic Info

Paper provided by School of Economics, University of Wollongong, NSW, Australia in its series Economics Working Papers with number wp02-13.

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Length: 11 pages
Date of creation: 2002
Date of revision:
Handle: RePEc:uow:depec1:wp02-13

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Postal: School of Economics, University of Wollongong, Northfields Avenue, Wollongong NSW 2522 Australia
Phone: +612 4221-3659
Fax: +612 4221-3725
Web page: http://business.uow.edu.au/econ/index.html
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Cited by:
  1. Tran Van Hoa, 2004. "Australia-Thailand Free Trade Agreement: Challenges and Opportunities for Bilateral Trade Policy and Closer Economic Relations," Economics Working Papers wp04-12, School of Economics, University of Wollongong, NSW, Australia.
  2. Tran Van Hoa, 2003. "Growth of Asian Regional Trade and Income Convergence: Evidence from ASEAN+3 Based on Extended Helpman-Krugman Hypothesis and Flexible Modelling Approach," Economics Working Papers wp03-02, School of Economics, University of Wollongong, NSW, Australia.
  3. Tran Van Hoa, 2004. "Economic and Financial Crisis Management in Asia: A Critical Analysis," Economics Working Papers wp04-13, School of Economics, University of Wollongong, NSW, Australia.
  4. Tran Van Hoa, 2003. "New Asian Regionalism: Evidence of ASEAN+3 Free Trade Agreement From Extended Gravity Theory and New Modelling Approach," Economics Working Papers wp03-03, School of Economics, University of Wollongong, NSW, Australia.

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